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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 166.1

Grounds for Court order

  (1)   Subject to subsection   (2), the Court may make an order under section   166 - 5 if:

  (a)   the conduct of an Aboriginal and Torres Strait Islander corporation's affairs; or

  (b)   an actual or proposed act or omission by or on behalf of an Aboriginal and Torres Strait Islander corporation; or

  (c)   a resolution, or a proposed resolution, of members or a class of members of an Aboriginal and Torres Strait Islander corporation;

is either:

  (d)   contrary to the interests of the members as a whole; or

  (e)   oppressive to, unfairly prejudicial to or unfairly discriminatory against, a member or members whether in that capacity or in any other capacity.

  (2)   If the corporation is a registered native title body corporate, the Court must not make an order under subsection   166 - 5(1) on the basis of:

  (a)   an act (or omission from doing an act); or

  (b)   a proposed act (or omission from doing an act);

if an officer or employee of the corporation does (or refrains from doing), or proposes to do (or refrain from doing), the act:

  (c)   in good faith; and

  (d)   with the belief that doing (or refraining from doing) the act is necessary to ensure that the corporation complies with a Native Title legislation obligation.



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